Rule 424(b)(3)
                                            File Nos. 333-74042 and 333-74042-03

PRICING SUPPLEMENT NO. 20 DATED June 11, 2002
(To Prospectus Dated December 4, 2001, as Supplemented December 21, 2001)

                                                    COUNTRYWIDE HOME LOANS, INC.
                                                     Medium-Term Notes, Series K
                                      Due Nine Months or More From Date of Issue
                                          Payment of Principal, Premium, if any,
                            and Interest Fully and Unconditionally Guaranteed by
                                             COUNTRYWIDE CREDIT INDUSTRIES, INC.
                                                           Fixed Rate Notes


Trade Date:                June 6, 2002                       Book Entry:    |x|
Issue Price:               100%                               Certificated:  |_|
Original Issue Date:       June 14, 2002 Principal Amount:           $25,000,000
Stated Maturity Date:      June 14, 2017 Net Proceeds:               $24,222,500
Interest Rate:             6.55%        Specified Currency:         U.S. Dollars


Exchange Rate Agent:       N/A

Agent:                     Countrywide Securities Corporation

Minimum Denomination:      $1,000
     Interest  Payment Dates:  Monthly on the 14th of each month,  commencing on
July 14, 2002
Record Dates: 10 days prior to the Interest Payment Date

Redemption:                                               Repayment:

     Check box opposite applicable paragraph: Check box opposite applicable
paragraph:
     |_| The Notes cannot be redeemed prior to maturity. |_| The Notes cannot be
repaid prior to maturity.
     |x| The Notes may be redeemed prior to maturity. |_| The Notes may be
repaid prior to maturity.
     Initial Redemption Date: June 14, 2005 Optional Repayment Dates:
     Initial Redemption Percentage:  100%
     Annual Redemption Percentage Reduction, if any:

Estate Option:  Check box if the Estate Option is applicable  |x|

     Additional/Other Terms: The notes may be redeemed at any time, in whole or
in part, on or after the Initial Redemption Date upon 10 business days' notice
to Holder.



     The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of Countrywide Home Loans and will
rank equally with Countrywide Home Loan's other unsecured and unsubordinated
indebtedness. As of March 31, 2002, Countrywide Credit Industries did not have
any secured indebtedness outstanding, and Countrywide Home Loans did not have
any secured indebtedness outstanding. As of that date, Countrywide Home Loans
had $17,223,739,391 aggregate principal amount of unsecured and unsubordinated
indebtedness outstanding, which indebtedness ranked equally with the other
unsecured and unsubordinated indebtedness of Countrywide Home Loans and will
rank equally with the Notes to which this Pricing Supplement relates.